Rajesh Nambiar, the newly-appointed chairperson of IT industry body Nasscom, said a strong deal pipeline in the fiscal first quarter and increasing investments to leverage Generative Artificial Intelligence (GenAI) are positive signs.
Segments such as business process management, and engineering, research and development (ER&D) have also seen healthy growth, while the number of global capability centres (GCC) in the country has expanded.On how India can stay ahead in the GenAI race, Nambiar said government support will be critical in the coming “GenAI revolution”. Companies wanting to leverage the technology, including India’s over 60 active GenAI startups, are faced with limited high-quality and ready-to-use training datasets, and there is a lack of high-performance compute capabilities at scale, he added.
